Dodd tacks new course on Senate bank bill

Seeks to bring GOP on board

“I laid down a bill that is as much a reflection of where I am on this as to plant a flag. I did what I wanted to do,’’ said Senator Christopher Dodd, Democrat of Connecticut, of his proposal.
(Brendan Hoffman/ Bloomberg)

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WASHINGTON - Senate Banking Committee chairman Christopher Dodd, who one month ago proposed an overhaul of financial regulations that was hailed by many consumer activists, has all but jettisoned that proposal following Republican objections and has initiated talks for a new approach designed to satisfy some of his fiercest GOP critics.(Full article: 1263 words)